Anyone here with a special interest in stocks/investing?

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BTDT
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09 Oct 2016, 3:03 pm

Another Aspie with special interest--I'm more interested in maximizing my net return than picking stocks. 8O
I'm perfectly content with getting SP500 index gains in a bull market.



goldfish21
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10 Oct 2016, 11:26 am

friedmacguffins wrote:
I've won several events, spending imaginary money, so should probably look into credit.

In general, I'm a tightwad and only pay cash, am probably living beneath my potential, to game the system.

The two, mental blocks, as I see them --
You put money on a pedestal, so are afraid of it.
You don't put money on a pedestal, so lack the drive.

I guess you have to make into a sport. :|


I think that sort of approach is how a lot of people become very wealthy. The whole "it's about the journey, not the destination" cliche. For a lot of wealthy people making money is about the process, and about winning - just simply being competitive for the sake of competitions' sake. It IS a sport to them. Especially the ones who don't spend much on material possessions and just continue to have their money make them more money.


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goldfish21
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10 Oct 2016, 11:29 am

BTDT wrote:
Another Aspie with special interest--I'm more interested in maximizing my net return than picking stocks. 8O
I'm perfectly content with getting SP500 index gains in a bull market.


Makes sense.. especially since, according to your profile, you're 53 years old.

I just turned 34. Investors are supposed to have a higher risk tolerance when they're younger, and then shift towards medium, then low risk as we age. It's logical as Spock, really. When we're young we have a lot of time to recover from mistakes or unforeseen losses. Not so much when we're old and need to count on those funds for future income.


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goldfish21
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10 Oct 2016, 2:32 pm

Extremely risky thought of the moment.. what if I sell off a chunk of the one that's recently tripled and double down on the other one that's about to take off? If only I knew if the one that's tripled is going to slow down or just keep going.. and of course there's no guarantee that the other is going to take off, but, with all the chatter about their current financials, the market, their plans etc there's bound to be a significant run on their share price this & next week IMO. I'm very sure I'm going to at least put in a buy order for more shares with some of the cash I have freed up in my account right now... but the bigger question is whether I should offload some of the one that's just tripled and drop more on this one that may double or triple right quick. Hmmmmm, it definitely goes against the rules of not putting all your eggs (or too many) in one basket, and of diversifying.. but damn is the idea ever entertaining to think about what might happen if I were to hop out of one near it's peak and then jump on the next just before it skyrockets. Hmmmmmmm, extremely risky indeed..

Heck, even if I do nothing and this next one takes off I do already own enough of it to do well on it. It's just very tempting to buy more of it right now with cash I have on hand, and a little tempting to move some around.. hmmmm. I guess I'm going to have to think about it for the rest of tonight and then place an order or two before the markets open tomorrow. If only I had a crystal ball lol it'd make decisions like this so much easier! :P


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friedmacguffins
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10 Oct 2016, 4:36 pm

friedmacguffins wrote:
I've won several events, spending imaginary money, so should probably look into credit.

In general, I'm a tightwad and only pay cash, am probably living beneath my potential, to game the system.

The two, mental blocks, as I see them --
You put money on a pedestal, so are afraid of it.
You don't put money on a pedestal, so lack the drive.

I guess you have to make into a sport. :|


goldfish21 wrote:
I think that sort of approach is how a lot of people become very wealthy. The whole "it's about the journey, not the destination" cliche. For a lot of wealthy people making money is about the process, and about winning - just simply being competitive for the sake of competitions' sake. It IS a sport to them. Especially the ones who don't spend much on material possessions and just continue to have their money make them more money.


I am reaching a point in my life, where I see mostly, servile Oompa Loompa's, with some masochistic traits, and a very-few eccentric, Willie Wonka-types, with some narcissistic traits.

Without doing anything rash or illegal, I am having an ethical dilemma, as to whether my arrogance gives people a reason to exist or makes me a monster.

I think I can get rich, through arbitrage, if I want to act that way, and I would still be technically blameless, without being able to help 99% of people around me. It requires me to objectify others and distance myself.



BitterGeek
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11 Oct 2016, 2:25 pm

I used to be an active trader. Lost interest in following the market.



goldfish21
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30 Oct 2016, 12:50 pm

BitterGeek wrote:
I used to be an active trader. Lost interest in following the market.


Ya, late last Spring & throughout most of the Summer the market was down/inactive in general so I just ignored it and partied my face off. But now that things are active and moving again, and I'm done partying for the season, I've been paying attention to it again.

Late Spring/early Summer I was down about 13.3% and was annoyed by it. Then one stock tripled or so from where I bought it at and I sold it near it's peak. Then another has gone up etc so overall I'm now up nearly 100% from the low of Summer. I made a quick day trade a week ago for a quick $600 take in one trading day, too. I'm watching some volatile penny stocks to see if I can do any more of that with stocks that are fluctuating wildly and trading several million shares a day. Yep, it's a dangerous game of hot potato... because these companies don't tend to have true value and people are just day trading them on speculation as I am, but it's a risk I'm willing to take on some of them when the conditions seem right for a quick buck. There's another one I'm holding onto for a while as I expect it to shoot up soon.. then if I have the balls I'll sell it when it spikes, wait for it to come back down, then buy it back - pocketing the difference in cash and extra shares. Hmmmm, time will tell how that plays out.

If all goes well I'll continue to grow my trading account bit by bit over the months and years and someday it's profits will surpass my employment income and hopefully keep growing. I like the stock market for that.. it doesn't care what you do for a day job or how much or how little money you earn - it's an entirely level playing field where one can make quite a bit of money by knowing what to do with their capital regardless of whether you're a janitor or ditch digger who's boss doesn't see fit to give a raise. The markets do not discriminate against anyone. Money is the great equalizer & all you need is a little bit of it and the knowledge of what to do with it and when and you can make a lot more of it.


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kazanscube
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31 Oct 2016, 7:33 pm

I used to be good with being able to choose which stocks to invest in many years back when I was active in such.These days, I don't take such active participation mainly from the fact there have been shady deals and people whom have literally bankrupted various people to entire families of their income all in the name of profits. However, I'd like to invest once more but, make sure the corporation I invest in is not evil.


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SilverProteus
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31 Oct 2016, 7:58 pm

I have healthy interest in profiting from sales, buying cheap and selling for more, that kind of stuff. Nothing too obsessive, though. No interest whatsoever in investing in stocks.


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friedmacguffins
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02 Nov 2016, 11:17 am

Is the idea of profit, for the sake of profit, always immoral, in and of itself? Does it make you a drain on society or a slavedriver?

Am I just being too complicated, or is there something you tell yourself?

Everytime I have maintained a cool focus, on anything of this nature, people have gotten really angry at me.



friedmacguffins
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02 Nov 2016, 11:53 am

I think this is somewhat of an act, like the actors who ask what is their motivation, or like the psychologists, who motivate heavy lifters and athletes to take risks or be more driven. I should perhaps learn a bit about investment psychology, for some kind of justification.